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Calculator When Wisconsin Corporation was formed on lanuary 1, the corporate charter provided for 86,800 shares of $5 par value common stock. During its first

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Calculator When Wisconsin Corporation was formed on lanuary 1, the corporate charter provided for 86,800 shares of $5 par value common stock. During its first month of operation, the Comparation sued 8, 00 shares of stock at a price of $29 per share. The entry to record the above transaction would include a debt to Common Stock for $36,800 Ob credit to Common Stock for $234,030 t o ck for $193,680 Previous Next >

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